Fiber Drum Market Size, Share, and Industry Analysis By Closure Type (Plastic Closure, Metal Closure, Fiber/Cardboard Closure, and Others), By Capacity (Below 25 Gallon, 25-50 Gallon, 51-75 Gallon, and Above 75 Gallon), By End-Use Industry (Chemical, Food & Beverage, Pharmaceutical, Building & Construction, and Others), and Regional Forecast till 2032

The global fiber drum market is experiencing substantial growth, driven by the rising demand for efficient transportation and storage of liquid products. The market benefits from the lightweight nature, ease of handling, and compatibility of these drums with marine containers, contributing to a robust CAGR.

Fiber drums offer a cost-effective, durable industrial packaging solution. Made from robust fiberboard, they withstand harsh weather conditions while maintaining integrity. Their recyclability supports sustainable business practices, providing companies with a reliable and eco-friendly packaging option.

• In 2019, Reusable Industrial Packaging Association members recorded approximately 90% of the gross industry sales of plastic drums, composite IBCs, and reconditioned steel drums. Additionally, they generated remarkable revenue from fiber drums, off-sized units, scrap plastic, and steel, as well as brokered new packaging.

Fiber Drum Market Driver

Rise in Urbanization and Demand for Sustainable Solutions to Boosting the Need for Eco-Friendly Fiber Drums

The increasing urbanization and growing demand for sustainable solutions are driving the need for eco-friendly fiber drums. These drums offer an environmentally friendly alternative for packaging and transportation, aligning with global efforts to reduce carbon footprints and promote green practices in various industries, boosting the fiber drum industry growth.

Fiber Drum Market Restraint

High Initial Investment and Availability of Alternatives to Hamper Market Growth

The fiber drum market faces challenges due to its limited load-bearing capacity and vulnerability to moisture and humidity. Additionally, competition from alternative packaging materials such as plastic and steel drums further restrains market growth.

• High initial investments for manufacturing and procuring industrial drums are major restraints. Small and medium-sized enterprises often opt for budget-friendly alternatives due to high costs.

Fiber Drum Market Opportunity

Unlocking the Power of Industrial Drums: Boosting Efficiency Across Industries and Fueling Market Expansion

Industrial drums are revolutionizing efficiency across various sectors, driving market expansion significantly.

This growth is propelled by an increased demand in industries such as chemicals, food and beverages, and pharmaceuticals. The adoption of innovative materials and designs enhances durability and handling, further boosting productivity and reducing operational costs for businesses worldwide.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancement in the Fiber Drum Market
• Key Industry Trends
• Regulatory Landscape for the Fiber Drum Market
• Key Industry Developments
• Impact of COVID-19 on the Market 

Analysis by Closure Type

Based on closure type, the market is divided into plastic closure, metal closure, fiber/cardboard closure, and others

The plastic segment holds the largest share due to its robustness, durability, and lightweight nature. Its economical price supports the segment growth. Additionally, manufacturers are adopting sustainable plastic for producing IBCs, which helps reduce plastic waste and minimize environmental impacts.

Analysis by End-Use Industry

Based on end-use industry, the market is fragmented into chemicals, food and beverages, building and construction, pharmaceuticals, agriculture, and others.

The industrial chemical segment is the largest segment in this market. Increased standards of living and a growing middle class in emerging markets are fueling strong demand for chemicals as more consumers purchase appliances, consumer goods, automobiles, and other products reliant on chemicals. The segment growth is particularly driven by the high demand for organic chemicals from the consumer goods and pharmaceutical industries.

• The National Center for Health Statistics states that there are over 5,000 fiber drum care agencies in the U.S. that provide various services.

Analysis by Capacity

Based on capacity, the market is divided into less than 25, 25-50, 51 to 75, and above 75 gallons.

The 51 to 75 gallons segment is the dominating segment. It is expected to grow significantly due to its strength and compatibility with various liquids, especially in the chemical, agriculture, and pharmaceutical industries.

Regional Analysis

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Based on region, the market has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Asia Pacific leads the global industrial drums market due to rising exports of liquids such as palm oil, oil, and wine. The region's growing retail sector and demand for recyclable fiber drums and lightweight containers also boost growth.

North America, the second-largest market, is expected to grow significantly, driven by leading manufacturers and increasing demand in the pharmaceutical sector.

Europe ranks third in the global market for industrial drums. The market is growing due to the increasing demand for recyclable and reconditioned drums, especially from the pharmaceutical, food and beverage, and chemical industries.

Due to the increasing use of fiber drums in the food and pharmaceutical industries, the market in Europe is expected to witness significant growth over the coming years. Italy and Germany together hold a significant share of the market.

Latin America and the Middle East and Africa are likely to witness stagnant growth during the forecast period.

Key Players Covered

The fiber drum market is fragmented, with the presence of a large number of group and standalone providers.

The report includes the profiles of the following key players:

• Rahway Steel Drum Company, Inc. (U.S.)
• Greif Inc. (U.S.)
• C.L. Smith (U.S.)
• Jakacki Bag & Barrel, Inc (U.S.)
• SCHÜTZ GmbH & Co. KGaA (Germany)
• James T. Warring Sons Inc. (U.S.)
• Mauser Packaging Solutions (U.S.)
• Fengchen Group Co., Ltd (China)
• Time Technoplast Ltd (India)
• Fibrestar. co (U.K.)

Key Industry Developments

• In November 2022, Greif introduced the Liquipak Fiber Drum, which is a versatile packaging solution combining the features of a Lok-Rim style fiber drum with the capability to carry non-hazardous semi-liquid and liquid goods. It also offers corrosion-free storage specifically for water-based products and food.
• In May 2022, Carré Karton declared the launch of all fiber drums with an intent to cut costs as well as protect the environment. Square fibre drums with rounded corners are designed with kraft paper and are the perfect solution for waste management issues when disposing of empty drums. The fiber drums also have the edge on traditional round models designed with plastic, cardboard, metal, and compressed fibers.